REQUIREMENTS FOR A DRAWDOWN NOTICE Clause Samples

REQUIREMENTS FOR A DRAWDOWN NOTICE. A Drawdown Notice: (a) must be in writing in the form of, and specifying the matters set out in schedule 3; (b) must be received by the Facility Agent no later than 2.00pm (Melbourne time) on a day at least 5 Business Days before the proposed Drawdown Date (or such shorter period as the Facility Agent may agree in writing); (c) must be signed by an Authorised Representative of the Parent on behalf of the relevant Borrower; (d) must specify a Business Day in the Availability Period as the Drawdown Date; (e) must request, for each Borrower, an amount for each proposed Funding Portion that: (i) is denominated in a Borrowing Currency for that Borrower; and (ii) is either: (A) AUD5,000,000 or a multiple of AUD2,000,000 that is greater than that amount; or (B) if the Funding Portion is to be denominated in a currency other than Australian Dollars, an amount that has an AUD Equivalent equal to such an amount (calculated at the relevant Spot Rate on the day the Drawdown Notice is given) rounded to the nearest million in the denominated currency; and (f) specify an Interest Period for each proposed Funding Portion that: (i) is a Permitted Interest Period; and (ii) reflects as far as possible the hedging periods under the interest rate Treasury Transactions entered into by Borrowers. A Drawdown Notice is effective when received by the Facility Agent as contemplated by clause 3.2(b) and, once effective, is irrevocable.
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REQUIREMENTS FOR A DRAWDOWN NOTICE. A Drawdown Notice to be effective must: (a) be in writing in the form of, and specifying the matters required in, schedule 4; (b) be signed by a person duly authorised by the Borrower to do so; (c) not be given until the applicable conditions precedent to the Advances requested in that Drawdown Notice set out in clause 2 have been satisfied; and (d) be received by the Lender before 11.00am on a Business Day at least 2 Business Days before the proposed Drawdown Date (or any shorter period that the Lender agrees in writing).
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Related to REQUIREMENTS FOR A DRAWDOWN NOTICE

  • Drawdown Notice At any time during the Commitment Period, the Company may request the Investor to purchase shares of Common Stock by delivering a Drawdown Notice to the Investor, subject to the conditions set forth in Section 7.2; provided, however, the amount for each Advance as designated by the Company in the applicable Drawdown Notice shall not be more than the Maximum Advance Amount and the aggregate amount of the Advances pursuant to this Agreement shall not exceed the Commitment Amount. The Company acknowledges that the Investor may sell shares of the Company’s Common Stock corresponding with a particular Drawdown Notice after the Drawdown Notice is received by the Investor. There shall be a minimum of five (5) Trading Days between each Drawdown Notice Date.

  • Advance Notice At any time during the Commitment Period, the Company may deliver an Advance Notice to the Investor, subject to the conditions set forth in Section 7.2; provided, however, the amount for each Advance as designated by the Company in the applicable Advance Notice, shall not be more than the Maximum Advance Amount. The aggregate amount of the Advances pursuant to this Agreement shall not exceed the Commitment Amount. The Company acknowledges that the Investor may sell shares of the Company's Common Stock corresponding with a particular Advance Notice on the day the Advance Notice is received by the Investor. There will be a minimum of seven (7) Trading Days between each Advance Notice Date.

  • Drawdown Notice irrevocable A Drawdown Notice must be signed by a director, an officer or a duly authorized attorney-in-fact of the Borrowers and once served, a Drawdown Notice cannot be revoked without the prior consent of the Agent.

  • Executed Advance Notice The Investor shall have received the Advance Notice executed by an officer of the Company and the representations contained in such Advance Notice shall be true and correct as of each Condition Satisfaction Date.

  • Conditions Precedent to Borrowing The obligation of the Liquidity Provider to make an Advance on the occasion of each Borrowing shall be subject to the conditions precedent that the Effective Date shall have occurred and, prior to the date of such Borrowing, the Borrower shall have delivered a Notice of Borrowing which conforms to the terms and conditions of this Agreement and has been completed as may be required by the relevant form of the Notice of Borrowing for the type of Advances requested.